Historical Society of Western Virginia

Analysis

Historical Society of Western Virginia is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in October 1964, 62 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Historical Society of Western Virginia reported income of $141k and spending of $196k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $143k to $141k (-1.1%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Western Virginia sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Evergreen Jazz Festival ($141k), 509 Cultural Center ($141k) and Ramona Council of Arts Unlimited ($141k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 17% of the total. Other salaries and wages came to $79k. At year end it held assets of $2.8m against liabilities of $3,293, net assets of $2.7m. It reported 6 employees.